PGDM Colleges In Maharashtra
Top PGDM Colleges in Maharashtra 2026 – Rankings, Fees, Admissions, ROI & More
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Known for Quality Management Education, Maharashtra's education system is famed for the schools and colleges that provide PGDM courses. Some of the top private colleges are S.P. Jain Institute of Management and Research, N.L. Dalmia Institute of Management Studies and Research, SIES College of Management Studies and Chetana's Institute of Management and Research. The National Institute of Bank Management is the leading government PGDM college. These colleges are all at the top of the list and are known for their excellent teaching and placement records.
PGDM courses here are charged between INR 80,000 and 22.5 lakh depending on the specific college, course and specialization. A Bachelor's degree with not less than 50 percent marks is necessary for admission. The eligibility criteria can be different depending on the college chosen by the candidate. Moreover, they have to clear an entrance exam like GMAT, CAT, MAH-CET, XAT, ATMA or CMAT to get admitted in one of the top PGDM Colleges in Maharashtra.
Additionally, these colleges offer the PGDM program in multiple specializations such as Business Management, Marketing, HR, and Biotechnology. Students doing their PGDM from these colleges get an opportunity to be offered an amazing salary package ranging from INR 9.2 lakh to 32 lakh per year. Big companies like Deloitte, EY, HCL, Microsoft and Amazon are the ones who choose these colleges for their regular recruitment drives.
Top PGDM Colleges in Maharashtra: Highlights
Note: These details are from the official website and may change over time.
Top PGDM Colleges in Maharashtra 2026
Maharashtra can be called India's one of the best places for PGDM education. The state has a rich network of the best management institutions, well-experienced faculty, and good industry connections. SP Jain Institute of Management and Research is on the top list of Best PGDM Maharashtra Colleges. It offers PGDM in Business Management, Finance, Marketing, and Analytics through industry-oriented research-based courses.
Another top PGDM college is the N.L. Dalmia Institute of Management Studies and Research which is known for its focus on Finance, Marketing, and Human Resources. SIES College of Management Studies also offers well-rounded programs at relatively affordable fees, specializing in Pharmaceutical Management, Biotechnology, etc. For those looking for low fees PGDM Colleges in Maharashtra can explore the National Institute of Bank Management which is a government institution.
Students need to achieve at least 50% of the marks in their bachelor's to be able to enter these colleges. Moreover, depending on the college, candidates should attain good results in national or state-level entrance exams such as GMAT, CAT, MAH-CET, etc. These best colleges’ overall fees range start from INR 80,000 at NIBM and reach a maximum of INR 22.60 Lakh at SPJIMR.
Note: These details are from the official website and may change over time.
Top PGDM Colleges in Maharashtra Eligibility Criteria
A bachelor's degree with at least 45%-50% is the ideal qualification for the candidate. But the criteria may vary from one institute to another. Besides this, they must also provide a legitimate score of a permissible entrance test for the college chosen. Basically, the eligibility criteria for the top PGDM colleges in Maharashtra are given below:
Note: These details are from the official website and may change over time.
Entrance Exams Accepted by Top PGDM Colleges in Maharashtra
Top PGDM colleges in Maharashtra accept scores from multiple entrance exams to offer admission. These include both state-level and national-level entrance exams. Among state-level exams, the Maharashtra Common Entrance Test is one of the widely accepted exams.
On the national level, the entrance exams accepted by PGDM colleges in Maharashtra include the CAT, XAT, GMAT, CMAT, MAT and ATMA test. The Indian Institute of Materials Management also considers the GRE. The following are the important details of these entrance exams:
Note: These details are from the official website and may change over time.
Top PGDM Colleges in Maharashtra with Ranking
Maharashtra is home to two best PGDM colleges that have been placed in the top management NIRF ranking for the year 2025. Two such institutes are namely the S.P. Jain Institute of Management and Research and IMT Nagpur. SPJIMR has moved up to the 20th position in India with a NIRF score of 62.06. On the other hand, IMT Nagpur is identified with the focus on business analytics and operations management besides its close industry ties and is at 99th position with a score of 44.93.
Note: These details are from the official website and may change over time.
List of Private PGDM Colleges in Maharashtra
Some of the best private PGDM colleges in Maharashtra are SPJIMR in Mumbai, IMT Nagpur, NLDIMSR, SIES College of Management Studies and CIMR. These colleges offer good PGDM courses and accept entrance exams like CAT, XAT, GMAT, and CMAT. The fees for these colleges vary, ranging from around INR 9 lakh to INR 22.5 lakh. Moreover, these colleges have different cutoff scores for entrance exams, usually between 60 and 95th percentiles depending on the college. They help students gain skills and find good jobs after completing their PGDM course.
Note: These details are from the official website and may change over time.
List of Government PGDM Colleges in Maharashtra
National Institute of Bank Management (NIBM) is a Government college in Maharashtra that provides a one-year PGDM course in Post-Graduate Diploma in Management of Education. The fee for the complete course duration is INR 79,900. For admission to NIBM, candidates need to clear the CAT or GMAT exam and fill out the application form through its official website.
Note: These details are from the official website and may change over time.
Top PGDM Colleges in Maharashtra: Fee, Salary & ROI Analysis
Top PGDM colleges in Maharashtra offer good education with different fees and salaries. For example, SPJIMR charges about INR 22.5 lakhs but gives an excellent return with average salaries of INR 32 lakh per year. N. L. Dalmia and IMT Nagpur have moderate fees around INR 15-16 lakhs and decent average salaries of 7-9 lakhs. SIES College offers good value with fees around INR 8-10 lakhs and average salaries between 7-9 lakhs.
Chetana’s Institute and IIMM have lower fees and average salaries, resulting in moderate returns. National Institute of Bank Management stands out with low fees (INR 79,900) and high salaries (INR 14 lakh average), giving excellent ROI. Students should select their college after a thorough comparison of fees, salaries, and ROI as given below:
Note: These details are from the official website and may change over time.
PGDM Admission Process in Maharashtra Colleges
The PGDM admission process in Maharashtra colleges is a detailed multi-step procedure designed to select the most suitable candidates for management education. Here are all the stages of the admission process of top PGDM colleges in Maharashtra:
Phase 1: Meeting Eligibility: The candidates should hold a bachelor's degree with about 45 to 50% of the marks from a university that is recognized. Usually, students in their final year are allowed to apply on the condition that they finish their degree before the program commencement date.
Phase 2: Application Form: The applicants are required to complete the application form either online or offline on the official college website. The application form is like a questionnaire that includes the candidate's academic background, the results of the entrance exam, work experience, and some personal information. An application fee is paid at the time of submission which differs from one college to another.
Phase 3: Entrance Exams: Admission to PGDM programs in Maharashtra requires valid scores from national-level exams like CAT, XAT, GMAT, CMAT, MAT, ATMA or MAH-CET exam. Candidates must submit these scores along with their application.
Phase 4: Shortlisting and Selection: Based on entrance exam scores, candidates are shortlisted for further selection rounds. Shortlisting cutoffs vary based on the college’s competition and the program’s intake. The selection process includes Written Ability Tests, Group Discussions and Personal Interviews. Colleges evaluate candidates based on various factors which include:
Entrance Exam Scores: The main criterion by which the candidate will be evaluated and the decision will be largely based on this factor (50%+).
Academic Background: The performance in 10th, 12th, and graduation, with the inclusion of various weightage classes around 10-15%.
Work Experience: A number of schools have in their minds the relevant professional experience of candidates as a source of 5-10% weightage.
Group Discussions and Interviews: These rounds determine the candidate's interpersonal skills, ability to solve problems and quick adaptation to the program's culture, generally helping to score 30-40% of the selection.
Other factors: Leadership roles, success in extracurricular activities, and diversity are additionally taken into account.
Phase 5: Final Merit List and Counseling: Lastly, the Colleges prepare a final merit list by combining scores from all components. Selected candidates receive admission offers and are required to confirm their seats by paying the admission fee. Some colleges conduct counseling sessions or orientation programs after final admission.
Top Cities in Maharashtra for PGDM Colleges
Besides Maharashtra, Mumbai and Pune are two top cities that students can explore for top PGDM colleges. Mumbai which is known as the financial capital has renowned institutes like S. P. Jain Institute of Management and Research (SPJIMR), JBIMS, and Welingkar Institute of Management. Pune is another major city recognized for quality management education, offering institutes such as Vaikunth Mehta National Institute of Cooperative Management and PIBM Pune.
Frequently Asked Questions
Q1. Which colleges are best for PGDM in Maharashtra?
S. P. Jain Institute of Management and Research (SPJIMR) and National Institute of Bank Management (NIBM) are two best PGDM colleges in Maharashtra providing excellent ROI.
Q2. What are the fees of PGDM in SPJIMER?
The total fees for the PGDM program at SPJIMER are INR 22.50 Lakhs.
Q3. Which College has the highest salary for PGDM?
SPJIMER provides the highest package of INR 81 LPA.
Q4. What do you need to enroll in PGDM colleges in Maharashtra?
You need a bachelor's degree from a recognized university and at least 50 percent marks.
Q5. How long does a PGDM course last?
The PGDM course is a full-time 2-year course.
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Institute for Future Education, Entrepreneurship and Leadership, Pune
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Suryadatta Institute of Management and Mass Communication, Pune, Pune
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Lexicon Management Institute Of Leadership And Excellence, Pune
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Vaikunth Mehta National Institute Of Cooperative Management, Pune
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St. Francis Institute of Management and Research – PGDM, Mumbai
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